On top of being in the middle of a bitter divorce battle with ex-wife and former model Stephanie Seymour, he's had to auction off his own property to save his business White Birch Paper Company from bankruptcy!

The two were back in court on Friday when Brant revealed he'd auctioned off the couple's Pablo Picasso painting Le Baiser, which made him $19.1 million. He then used that money to keep his company from going bankrupt.

Stephanie's lawyers said the media mogul failed to notify his ex-wife about the sale, which will most likely be brought up when the couple's divorce hearing goes to trial in September.

Peter was also ordered to undergo random drug testing, even though he requested to be exempt from them.

The Paris Museum of Modern Art has been subjected to what "appears to be on of the biggest" art heists ever as a lone thief made off with 5 paintings potentially worth hundreds of millions of Euros!

He made off with major works by Matisse and Picasso when the museum's security system was disabled. There were three guards on overnight duty, but they claim they didn't see anything. The thief was spotted on a security camera.

Paris Mayor Bertrand Delanoe says to the thieves:

"You cannot do anything with these paintings. All countries in the world are aware, and no collector is stupid enough to buy a painting that, one, he can't show to other collectors, and two, risks sending him to prison.

"In general, you find these paintings, these five paintings are un-sellable, so thieves, sirs, you are imbeciles, now return them."

But now, that's all about to change, at least according to TMZ! That's because a week from tomorrow -- on December 17 -- Khloé and Lamar's split will be legal, final, and FULL! And that's all she wrote!

As the final divorce docs are set to be stamped by a judge on that day just over a week from right now, the final terms are pretty standard and straightforward, too: